Marine News Boat of the Year: William E Moran, First in Class

The William E. Moran has entered service in New York, bringing enhanced capability and performance to Moran’s evolving fleet. As the first vessel in the company’s next-generation class, it is purpose-built to meet

Cornwall Marine Network Hits Milestone of 5,000 New Jobs

Cornwall Marine Network has hit a milestone as it announces it has created 5,000 new marine sector jobs in the region.Cornwall Marine Network is a not-for-profit marine trade organization that supports marine

Fincantieri, KAYO Form Naval JV to Build Vessels in Albania

Fincantieri has signed a Memorandum of Understanding (MoU) with KAYO, an Albanian company specializing in strategic industrial infrastructure, to establish a joint venture (JV) for the construction and maintenance of military vessels in

Almost a Third of Russian Seaborne Oil Export Potential is Stuck in Tankers

Around 1.4 million barrels per day of Russian oil, or almost a third of the country's seaborne exporting potential, remain in tankers as unloading slows due to U.S. sanctions against Rosneft and

Hapag-Lloyd Pledges to Address Costs as Nine-Month Profit Drops 50%

German container shipper Hapag-Lloyd posted a 50% drop in nine-month net profit to 846 million euros ($989 million) on Thursday and lowered the top end of its full-year earnings forecast, blaming volatile

New Partnership Brings Accelleron Digital Solutions to seawise’s Vessel Data Platform in Japan

Accelleron, Turbo Systems United—its joint venture—and seawise have entered into a partnership agreement to expand the reach of Accelleron’s digital solutions in the Japanese maritime market. Under this agreement, certain Accelleron digital

Iron Ore Imports Spike 7% in China

“Iron ore shipments to China have risen 7% y/y since the end of June, following a stable period during the first half of the year. However, Chinese steel production has remained weak,

ESG Launches Fisher Island Ferry

Eastern Shipbuilding Group launched the vehicle-passenger ferry FALCON, being constructed for the Fisher Island Community Association (FICA).The  ferry is designed to meet the unique needs of the Fisher Island route, combining enhanced

Hapag-Lloyd Records 50% Profit Drop, Lowers Full Year Outlook

German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month net profit to 846 million euros ($986.6 million) and lowered the top end of its full-year earnings outlook, citing